St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1887-03-08
Several Surprises Give Life to the Situa-
ton on the Chicago Board
of Trade.
Two Firms Forced to suspend-Oharges
Against Them Of Doing Bucket
Shop Business.
A Drop in Wheat, Caused by I'm
expected Developments in
the East.
Transactions in the Financial C1r-
cIes of Wall Street--GeneraI
Quotations.
Snecial TO the Globe.

Special to the GlODe.
CHICAGO. March There we're seVerai
surprises on change to-day. 1t was cur
rently reported that Armour is conoucting
the wheat corner, and terror among the
shorts is promised. Buckingham u co. ana
f. s. Roland s. Co. were forced to suspend.
Both are charged with having done oucKet-
shop business. The rumor is to be lnvestl-
gated, and if found true the firms VIII not
get back on the board again. 1t was expectso
that wheat would sell OF some to-day at tue
opening, at any rate. The impetus had peen
so great Saturday that II nao carried etslyo
body along with it. The result was that tnere
was Quite host of operators anxious
to realize at the opening. May wheat
opeued at S41Sc 1t almost immediately sold
down to sic. The disappointment OF tue oay
was in the figures which came from new
York. 1t was expected that the ciearances VI
wheat there would certainly be 250.0OO bush
els. They were only loo,uuu pusneis. ANU ~
was expected, too, that
THE NEW YORK STOCK
of wheat would decrease something IKE
J. 500. 600 bushels, while in fact II decreased
last week less than 1000 bushels. Inc New
Workers had these figures ahead OF Chicago,
and sold enormously on them. The market
went off a cent without stopping, and the
bulls of Saturday night had gotten bad
blow Wheat was under such headWay that
naturally the provision pit was less center
of interest than last week. PORK was not
traded in at all for settlement. The
where the buying and selling of ribs is done.
In the center, where pork holds sway, there
were no devotees. May ribs sold down to
IS. so, and May lard TO S7.65. May pork to-
day eased of to S20.50 per barrel. This was
not much of q decline, but it was such
let-up from the SCI price that the provision
pit smiled. But there was no trading In pork.
If Il man is short on pork, and finally De-
comes converted, he does not stand in the
pork pit and below his appeals in Methodist
fashion. He hunts up the clique broker VINO
bought the property of him, puts on meek
and lowly countenance and Whispers IN the
clique mans ear the fact he is in penitent
mood The clique figure Of the day is then
given and the convert then buys so much
pork at sci ''in settlement" That is the
way pork is traded i'll nova days.
THE ROUTINE REPORT.
CHICAGO, March Wheat prices were
moderately firm at the opening this morning,
but heavy selling orders caused break OF
&c during the middle session. In the after
noon there was frantic effort made by the
shorts to cover their sales, and, with very
free purchases by several prominent bull
spectators, the price of May delivery
touched S314c-the highest point since the
recent big decline in prices set in. One of
the features of the advance was that during
the greater portion of the session the differ
ence between May and June was exactly l
cent, but this gradually was wiped out, and
May closed in the latest tradingS &c higher
than for June delivery. There was very
great excitement in the pit when the market
began to move up on the afternoon board, the
bidding being so active and strong as to con-
vince the many short traders that powerful
clique possibly had control Of the market,
and that prices had only commenced to move
up. The first estimates as to the visible
10 spr
5000, 900 bushels, but the actual decrease
was found to be 1,S46,000, which was some
what disappointing to many of the traders.
The cable advices were favorable to holders.
The export clearingS from three ports were
271, 600 bushels. The receipts in the North
west were larger. There was more pressure
TO sell while the demand was light. Prices
broke Off 1$sc from Saturdays closing prices,
rallied &c. closing for the day 5sc lower than
Saturday. The receipts were larger, while
the shipping demand was fair. Oats were
only fairly active and ruled a shade easier,
but finally closed at Saturdays figures.
Trading in mess pork was limited to settling
up May and June contracts at about previous
figures. Lard and short ribs opened a shade
higher, but finally closed without any mark ed
change from Saturdays quotations.
THE QUOTATIONS.
The leading futures ran ged as follows
Wheat-No. 2, March, T64ac, closing at 775ac;
May. see, closing at s3Ac; June, s37sc,
closing at S3c; July, $3.50, closing at
s319c. Corn-No. 2. March, 35c, closing at
3514c; May, 405sc, closing at 403a@401ac;
June, 41$4c, closing at 41$sc: July, 1870,
closing at 1890. Oats-No. 2, March, 235ac:
closing at 24c; May, 29c, closing at gee;
June, 291ac, closing at 293sc. Mess
pork, per barrel-March, S20.70, closing
at 5000; May, SCI, closing at S21; June,
S21, closing at SCI Lard per 100 pounds
March, $3.50, closing at S7.35: May, ST.721a,
closing at $3.50; June, S7.72h, closing at
$7.65. Short ribs per 100 pounds-March,
$40. closing at So AS; May, SIS. 621a, closing
at SS.571a; June, $s.65, closing at $500.
Cash quotations were as follows: Flour steady
and unchanged. Wheat-No. 2 spring. TT3
@79c; No. 8 spring, 1870; No. 2 red, 79@SOc.
Corn-No. 2, 354@37c. Oats-No. 2, 24c.
Rye-No. 2, sac. Barley-No. 2, 4S@5Oc
Flax seed-No. l, $1.OS. Prime timothy seed,
$l.S1. Mess pork, per Dbl, $20.25@20. So
Lard, per 100 lbs, S7.35. Short ribs, sides,
loose, SS.45; dry sailed shoulders, boxed, Sc
M6.25; short clear sides, boxed, Ss.650S. 20.
Whisky, dlstillers' finished goods, per gal,
Sl.1S. Sugars, cut loaf, 6A@61sc: granu-
lated, &c; standard "a 51a@55sc. Receipts
Flour, Il, 900 bbls; wheat, 600 bu: corn,
123,00c bu: oats, $4,000 bu; rye. 1000 bu;
barley, $4,000 blu. Shipments-Fiour, 1900
bbls; wheat, $4,000 bu; corn, $4,000 bu: oats.
1000 bu; rye, 1000 blu: barley, 2S, OGO blu.
On the produce exchange to-day the butter
market was firm; creamery, 25032c per ID :;
dairy, 24@27c; eggs, 141aGl15c.
PETER BERKEY. Pres. +. W. ANDERSON, Cashier
CIV .GRIGGS, V. Pres. A. c. ANDERSON q